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nasdaq fell 38 points of paul young three point* 9 billion -- billion shares traded apple is down almost $11 and it continues to move lower after hours and the 10 year treasury yielding 1.60% and the administration calling their foes liars we will show you how it has held up on the accuracy [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for the next new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through april 30th. pre-owned sales event at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our busine. od. helping the world keep promises. ...amelia... neil and buzz: for teaching uthat you can't create the future... by clinging to the past. and with that: you're history. instead of looking behin
nasdaq fell 38 points of paul young three point* 9 billion -- billion shares traded apple is down almost $11 and it continues to move lower after hours and the 10 year treasury yielding 1.60% and the administration calling their foes liars we will show you how it has held up on the accuracy [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned......
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so, just how big a deal is apple soup? well, it's down about 44%, of of its record close from november november 2012. today is almost half that. look at this. what a change we have seen there. the nasdaq, just 8 percent of the nasdaq. another closely watched name. j.c. penney, the total opposite situation. they may have reason to smile. a desperate need of cash. not a breaking story, but it could get the $500 million infusion in the form of a loan from wells fargo. that would apparently be back by the retailers' inventory and accounts receivable. let's focus on the markets as you mentioned, don't count down earnings. we have ibm on deck. right now the markets are reflecting the nonbelievers out there. doreen, what you believe that is? >> clearly we have a change in sentiment from the traders. plenty of people that are welcoming these downdrafts money back into the market. still pretty well liked. we still have a lot of corporate earnings taking place, so there is good news in months all of these. liz: i guess you can say t
so, just how big a deal is apple soup? well, it's down about 44%, of of its record close from november november 2012. today is almost half that. look at this. what a change we have seen there. the nasdaq, just 8 percent of the nasdaq. another closely watched name. j.c. penney, the total opposite situation. they may have reason to smile. a desperate need of cash. not a breaking story, but it could get the $500 million infusion in the form of a loan from wells fargo. that would apparently be back...
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gerri: you mean apple? >> guns are a. when i was on your show in january of last year we put it on the top-10 list and got out but not at the top either. but during the break you were asking the question is there any hope for apple investors right now? and the expectations have come down. gerri: are you a buyer? >> it is still too early in my book for if you run the performance account but the for the long-term investor who can weather the dead money period it is very cheap. gerri: maybe it is cheap for a reason? >>. >> as far as the management team goes with steve jobs passing they still have to prove themselves and there is skepticism but aside from the fact that samsung eats their lunch in one area obviously they still have a pretty good compelling broad product line. gerri: and people who adore everything they put out. another impact is the rest of the market. at 1.it was so big that any little movement in the share price would swing that now is losing fat. look at the nasdaq 100 apple waves that and that nasdaq compo
gerri: you mean apple? >> guns are a. when i was on your show in january of last year we put it on the top-10 list and got out but not at the top either. but during the break you were asking the question is there any hope for apple investors right now? and the expectations have come down. gerri: are you a buyer? >> it is still too early in my book for if you run the performance account but the for the long-term investor who can weather the dead money period it is very cheap. gerri:...
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i am an apple fan boy. i am surprised by how well i am surviving. [ laughter ] stuart: aren't we all. thank you very much, indeed. very good stuff. we appreciate that. thank you. i want to go to the call. i have verizon with a brand new high. nicole: the shareholders are loving this one. the stock is up almost 4% at the moment. the dow is still to the downside. they did come out with their numbers. they beat the streets. that is good news for verizon. stuart: i see apple right at $400 a share. nicole: it was at 398 at one point today. stuart: it dropped below 400 comedy buys it to just get it above 400. nicole: one of the analysts this morning said it is just getting reiterated a buy rating. there are still people on wall street who love it. stuart: okay. 400. right at 400 as we speak. we are on that all day long. thank you very much, indeed. it is though gold price time. where are we this morning? we are up two dollars. 1385 is where we are. obamacare has a third world experience. obamacare but the train w
i am an apple fan boy. i am surprised by how well i am surviving. [ laughter ] stuart: aren't we all. thank you very much, indeed. very good stuff. we appreciate that. thank you. i want to go to the call. i have verizon with a brand new high. nicole: the shareholders are loving this one. the stock is up almost 4% at the moment. the dow is still to the downside. they did come out with their numbers. they beat the streets. that is good news for verizon. stuart: i see apple right at $400 a share....
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of course, nasdaq and the s&p have apple in the index sighs, and apple's been down below $400 today. obviously, the tech people hot on apple are disappointed today. we continue to watch other information that we get such as the vix, the fear index, showing that we are seeing volatility with an up arrow, and plenty of names on the move on the heels of the earnings. back to you. cheryl: thank you very much. dennis: apple shares down since sent highs. what's the shareholder to do now? joining us, we've got scott kelser with s&p capital iq. thank you, scott. >> thanks, dennis. dennis: i imagine you, just like the rest of the world on wall street, probably still has a buy on apple? >> actually, i have a strong buy recommendation on apple, yeah. dennis: how long have you had a strong buy? when did you put that on it? >> we went to strong buy in november. that was not a good call, but we had a buy recommendation the better part of four years. dennis: apple trading below $4 # 00 for the first time since december 201 # 1, and, yet, you have a price target of dlrks 600 -- 600 bucks, why the fa
of course, nasdaq and the s&p have apple in the index sighs, and apple's been down below $400 today. obviously, the tech people hot on apple are disappointed today. we continue to watch other information that we get such as the vix, the fear index, showing that we are seeing volatility with an up arrow, and plenty of names on the move on the heels of the earnings. back to you. cheryl: thank you very much. dennis: apple shares down since sent highs. what's the shareholder to do now? joining...
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don: is apple by? today apple is a buy? >> free cash flow north of 10%, 2.5% and you have to believe there is something more innovation from apple than we are seeing now. tracy: one would hope. let's talk about google. motorola mobility for revenue finally hitting the financial. who would have thought google would be a verbal. my kids don't know what an encyclopedia is. they google things when they do their homework. >> google had good fourth quarter, things are challenging the first quarter, put pressure on stock, one is they divested their stock business last quarter and you have a consensus no. that was a blank. some people included the numbers and some excluded it. that added 50 basis points with potential of growth last quarter and 130 basis points the motorola mobility is the biggest change in google's armour, 12 months in see how it works out. tracy: the glasses. >> the glasses are very cool. if you think of the rumors on the i watch, google oversaw it -- overshadowed apple on the 100 day after google and it is not t
don: is apple by? today apple is a buy? >> free cash flow north of 10%, 2.5% and you have to believe there is something more innovation from apple than we are seeing now. tracy: one would hope. let's talk about google. motorola mobility for revenue finally hitting the financial. who would have thought google would be a verbal. my kids don't know what an encyclopedia is. they google things when they do their homework. >> google had good fourth quarter, things are challenging the...
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the focus today may shift to financial and tech related shares especially as shares of apple fell in relation to one of the suppliers on its outlook sighting in ipad shipments. we're going to being looking out for component suppliers here in japan that make a lot of parts that go into products such as tablets and smart phones of which apple makes many of those as well. we keep track of that sector as well. >> kicking off later today the g-20 over in washington, d.c. as we've been reporting a lot of focus will be on the recent weakening yen. where do we stand lead of that key meeting? >> a lot of market players will be watching the g-20 meeting and thedollar/yen. that may trade in a ltle bit of rgehead of that meeting and it's still weaker than it was this time yesterday when it was at the mid 97 yen levels. we'll keep track of that. the euro/yen 127.54 to 59. it traded up to upper 129 during wednesday. as you can see now 127.49 to 52. there were concerns that the european central bank may cut interest rates to boost growt in the euro zone. we'll keep track of currency markets. a bit
the focus today may shift to financial and tech related shares especially as shares of apple fell in relation to one of the suppliers on its outlook sighting in ipad shipments. we're going to being looking out for component suppliers here in japan that make a lot of parts that go into products such as tablets and smart phones of which apple makes many of those as well. we keep track of that sector as well. >> kicking off later today the g-20 over in washington, d.c. as we've been...
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people are looking for clarification from apple. they want to know what is the new product going forward, what are you going to do with all this cash? give me something to work with. they're not happy with their management, they're not happy with their products coming forward, and they're not happy with them sitting on all this money. so, as a result, you see the stock getting punished, and i think that people really need some clarification, and the proof is going to be in the pudding when earnings come out next tuesday. - you are a pro trader. would you position ahead of those earnings? - i think that the stock can go lower, but everything is telling me that it should be a buy. you look at it from a valuation basis, from the way the company is run, just everything about it, and you think, "gosh, how can this stock it too much cheaper?" but, that being said, it can. so, i would position myself to really try to take advantage of the volatility, and i think that is the play here. - trying to catch a falling knife sometimes though. tha
people are looking for clarification from apple. they want to know what is the new product going forward, what are you going to do with all this cash? give me something to work with. they're not happy with their management, they're not happy with their products coming forward, and they're not happy with them sitting on all this money. so, as a result, you see the stock getting punished, and i think that people really need some clarification, and the proof is going to be in the pudding when...
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let's talk apple first. what do you think about the dive in apple? >> you know i'm not surprised to see it because the problem with apple it has been way too quiet recently. we need to see innovation and need to see products in the market. htc and samsung releasing their major flagships now. samsung came out yesterday. seven major carriers in the united states. that is huge. galaxy s4 will sell like gangbusters. galaxy line has always been great. what will happen he will do? will it make an incremental upgrade with the apple iphone 5 s or the ipad? we need a big change. itv or i watch, we want to see something big. melissa: we talked about apple missing earnings because they were always the king of sandbagging, managing expectations. >> we saw it last quarter. melissa: so is that a real sign of the decline in the company, that they can't even stick to that strategy? >> yeah i do think so but tim cook did say i would be more in line and give more accurate estimate in the future so that doesn't happen as often as it does or at least last quarter. so i
let's talk apple first. what do you think about the dive in apple? >> you know i'm not surprised to see it because the problem with apple it has been way too quiet recently. we need to see innovation and need to see products in the market. htc and samsung releasing their major flagships now. samsung came out yesterday. seven major carriers in the united states. that is huge. galaxy s4 will sell like gangbusters. galaxy line has always been great. what will happen he will do? will it make...
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that's tough to do against someone like apple and samsung. for nokia, i think they have a small window, but they really need to execute and they're running out of time. >> got to take this window. rbc's mark sue. and we showed on that board there, apple stock, which is sitting at 390, below that 400 mark today, and probably one of the reasons why we're seeing the nasdaq underperform the other two eindices. >> you know, you wonder how much longer he might have, was the strategy was all in with microsoft. see if that works. coming up after the break, a story that's going to tick you off, that adds insult to injury in boston. everybody has different investment objectives, ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, c
that's tough to do against someone like apple and samsung. for nokia, i think they have a small window, but they really need to execute and they're running out of time. >> got to take this window. rbc's mark sue. and we showed on that board there, apple stock, which is sitting at 390, below that 400 mark today, and probably one of the reasons why we're seeing the nasdaq underperform the other two eindices. >> you know, you wonder how much longer he might have, was the strategy was...
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and now there is apple. the stock below that key $400. >> america's most favorite stock continues to get sliced, lowering their price target on the stock. it will likely outgrow apple this year. let's get you caught up on where it stands. its lowest level in a . backyou. >> let's take a look at morgan stanley. it has been losing ground as well. right now it is trading at or near its lows of the trading session, down 3 and 3.75%. the investment banks saying that revenues fell 40% in the first quarter. a much sharper decline than goldman sachs or jp morgan simon? >> let's have a look at shares, the revenue overall. >> united health care is in negative territory. medical costs, upsetting enrollment fuelled revenue gains. they expect budget cuts to pressure performance. >> tiler is on vacation. let's take a look at the gun stocks. they have been moving higher. all failed to get the 60 votes needed. president obama reacted with disdain over the vote. >> this was a pretty shameful day for washington. but this effo
and now there is apple. the stock below that key $400. >> america's most favorite stock continues to get sliced, lowering their price target on the stock. it will likely outgrow apple this year. let's get you caught up on where it stands. its lowest level in a . backyou. >> let's take a look at morgan stanley. it has been losing ground as well. right now it is trading at or near its lows of the trading session, down 3 and 3.75%. the investment banks saying that revenues fell 40% in...
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it lets twitter users listen to music and you can download hashtag music through apple's app store. the company says a version will be available for the droid devices. >> still ahead, where you can catch a colorful mix of science and art come to light. >> all free, >> at 3:00 on katie, amazing reunions. on abc7 news at 4, a michigan principal was near the end of the boston marathon when the events exploded and the special event the school is planning. at 5:00, feel the effects of the government budget cuts? what is on tap for the unemployed in california, tonight at 5:00. >> we have been telling you of the opening of the new exploritorium on san francisco's waterfront. look at this spectacular laser light art show. that is so cool. crowds gathered outside the new exploritorium to watch the colors change. >> you like the time-lapse? >> it was projected from the roof of our building here at abc7 news and there was another free light show tonight at 8:30. >> you can get there early and check out the new exhibits and you do want to take public transportation. >> we are the special tv pa
it lets twitter users listen to music and you can download hashtag music through apple's app store. the company says a version will be available for the droid devices. >> still ahead, where you can catch a colorful mix of science and art come to light. >> all free, >> at 3:00 on katie, amazing reunions. on abc7 news at 4, a michigan principal was near the end of the boston marathon when the events exploded and the special event the school is planning. at 5:00, feel the effects...
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apple stores are still full of shoppers but some apple investors have an empty feeling these days. shares of the company are now down to levels not seen since 2011. is it time to panic? >> in my 30 years the warning that apple days are over and numbered have come up four or five times and apple has always rebounded. >> apple shares have soared and sunk along with the overall market even shaping things up for bay area gold buyers and sellers. he saw his shiny investments tumble hundreds of dollars in a week. >> we are going to give you a total. >> to be honest with you when i saw it i literally had a heart attack. i have been saving gold because i believe in it going back up. for it to go down like the way it did is really, really scary. >> reporter: for santa clara university professor alex field patience is what we need here. >> i am one of the people who feel you kind of need to look beyond day to day volatility. we are having a bad day today. who knows what is going to be happening tomorrow. >> reporter: patience and if you buy stock confidence in your company's long-term prospe
apple stores are still full of shoppers but some apple investors have an empty feeling these days. shares of the company are now down to levels not seen since 2011. is it time to panic? >> in my 30 years the warning that apple days are over and numbered have come up four or five times and apple has always rebounded. >> apple shares have soared and sunk along with the overall market even shaping things up for bay area gold buyers and sellers. he saw his shiny investments tumble...
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. >> doom and gloom for apple. what pushed the tech titan stock to its lowest level. (sir can-a-lot) good day, ma' lady. i am sir can-a-lot, here to save you from another breakfast bore. wake up those eggs with glorious spam! (male announcer) break the monotony. visit spam.com. >>> no longer the king of the mountain, apple plunging today to levels we haven't seen in two years. new supply concerns dropped shares of apple stock by 5.5%, falling below $400 a share for the first time since 2011. the cupertino-based company did not comment on the stock dropch the company will release quarterly earnings next tuesday. american airlines has resumed most of its flights tuesday following yesterday's massive technology failure that forced the nation's third largest carrier to ground all domestic flights. 970 flights were cancelled, and 1,000 more were delayed. >> in health matters, could your hair give your doctors an idea about the risk for heart disease. a study out of the netherlands says yes. they looked at samples from senior citizens and measured less of the stress hormone
. >> doom and gloom for apple. what pushed the tech titan stock to its lowest level. (sir can-a-lot) good day, ma' lady. i am sir can-a-lot, here to save you from another breakfast bore. wake up those eggs with glorious spam! (male announcer) break the monotony. visit spam.com. >>> no longer the king of the mountain, apple plunging today to levels we haven't seen in two years. new supply concerns dropped shares of apple stock by 5.5%, falling below $400 a share for the first time...
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apple's getting cored. $400 in the rear-view mirror. where can the apple bulls find bottom? we'll trade the fallout in what was america's most loved stock. >>> chipotle, is it overcooked? two traders will debate it ahead of the earnings out tonight. >>> first, the top story, google ibm and microsoft, a tech trifecta, perhaps the entire earning season lies with these three companies tonight are. they going to deliver? our traders, stephanie, mike, john, jerry and josh are here to debate. first, john has a preview. >> no pressure. there are a few things making me skiddish about this afternoon's report. particularly on the revenue side, we'll take microsoft first. the overall pc market took a dive down 14% in the first quarter. that won't help microsoft revenue. investors need the business division and server and tools division to have solid performances, but intel said data business rose 7.5%, less than some hoped. and oracle missed their revenue, it is worth questioning whether business spending is actually holding up. google analysts expect the core business revenues to hold
apple's getting cored. $400 in the rear-view mirror. where can the apple bulls find bottom? we'll trade the fallout in what was america's most loved stock. >>> chipotle, is it overcooked? two traders will debate it ahead of the earnings out tonight. >>> first, the top story, google ibm and microsoft, a tech trifecta, perhaps the entire earning season lies with these three companies tonight are. they going to deliver? our traders, stephanie, mike, john, jerry and josh are here...
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. >> coming up next apple stock takes a new plunge. >> 16 month low today. find out why, stay w >>> if you're an apple shareholder, the stock took another steep plunge today, now $300 down. so why is this happen something some believe it was way overpriced to begin with and what's happening is a natural reduction in value. others feel the tech market is changing and apple slow to change witness. >> they're good at coming up with innovation. so i won't give up on them. >> many consumers are waiting for next products including a state of the art television. >> l l.the rest of wall street took a sharp downward today. reports triggered a plunge on the dow. that is an improvement. after investing nearly $2 billion the british parent company has admitted defeat. the company put the 200 stores in california, arizona and nevada up for sale. bank of america today say it will pay $500 million we resolve revenues off by 8%, google has begun delivering glass, the visor like computer that responds to eye commands. it come was warnings the possibility of eye strain and yo
. >> coming up next apple stock takes a new plunge. >> 16 month low today. find out why, stay w >>> if you're an apple shareholder, the stock took another steep plunge today, now $300 down. so why is this happen something some believe it was way overpriced to begin with and what's happening is a natural reduction in value. others feel the tech market is changing and apple slow to change witness. >> they're good at coming up with innovation. so i won't give up on them....
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apple suppliers say they see a slowdown of apple's sales. the two stocks led the decline in the market. 4 billion shares traded. the dow is down 138 points, an uptick in volume. the s&p down almost 23 points. the nasdaq fell 16. bank of america stock down almost 5%. j.p. morgan followed with a three and a half% decline. apple stock moving lower. recovering just slightly. down five and a half% today. managing the pop-up to 403 at the close. losing its title of the world's most valuable company, exxon mobi. commodities a week. the price of gold is down $4.70 per ounce. worries about global economic weakness. down $2 per barrel, just below $87. and in the bond market, investors buying bonds sending the yield down to 170%. well, a guest tonight says economic news is bring investors back to reality. he sees this as a short-term pullback. joining us now, chief investment strategist. it could to have you here. this is a little pause. not of fullblown correction. we are ready for the leg up. >> we are handicapping it as such. we are looking around a
apple suppliers say they see a slowdown of apple's sales. the two stocks led the decline in the market. 4 billion shares traded. the dow is down 138 points, an uptick in volume. the s&p down almost 23 points. the nasdaq fell 16. bank of america stock down almost 5%. j.p. morgan followed with a three and a half% decline. apple stock moving lower. recovering just slightly. down five and a half% today. managing the pop-up to 403 at the close. losing its title of the world's most valuable...
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the big apple. which is why everyone's always on the lookout for the latest sex enhancer aphrodisiac or ukrainian email promising to make lady say sex boom big big big big. well, the canadians, our neighbors who are always on top, have a new product to enhance intercourse. jim? >> sexcereal. that is it's name. it's being billed as the world's most passional cereal. it features special natural blends for both men and women. the promos are playful showing a couple at first bored in bed. then throw in some sex cereal and, of course, some sex, which we don't see. and the mood picks up. >> colbert: yes, the mood picks up when you throw in some sexcereal and some sex. its manufacturer claims it's part of a balanced breakfast. you'll need that balance when you're doing it in the brek fooft nook. that's why i'm giving a tip of the hat to sex-cereal for making sure we'll never skip breakfast ( cheers and applause ) by which again i mean sex. the old 23 skidoo. because at 6:30 a.m. with bleary eyes and breath
the big apple. which is why everyone's always on the lookout for the latest sex enhancer aphrodisiac or ukrainian email promising to make lady say sex boom big big big big. well, the canadians, our neighbors who are always on top, have a new product to enhance intercourse. jim? >> sexcereal. that is it's name. it's being billed as the world's most passional cereal. it features special natural blends for both men and women. the promos are playful showing a couple at first bored in bed....
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and apple, down again below 400 bucks. earnings next week, but apple down nearly 3% right now at 391 bucks. guys, back to you. >> lowest since december of '11. thanks, josh. see you later. ubs chairman axel vaber says he thinks investors are in a state of uncertainty. maria bartiromo sat down with mr. vaber in this exclusive interview. >> dr. axel, good to have you on the program. thanks so much for joining us once again. >> a pleasure. >> are you seeing a change in terms of investor attitudes towards capital markets, towards equities in particular, given the fact that recently we've seen a little volatility in the market. are you seeing clients change their strategies? >> well, very clearly, clients at the moment are very uncertain. so i would say we're seeing it pretty much a hands-off period in the market again. january, february, was pretty good in that sense, that the market was actually still running well, but march was more difficult for everyone. so clients are, at the moment, still in a high degree of uncertainty.
and apple, down again below 400 bucks. earnings next week, but apple down nearly 3% right now at 391 bucks. guys, back to you. >> lowest since december of '11. thanks, josh. see you later. ubs chairman axel vaber says he thinks investors are in a state of uncertainty. maria bartiromo sat down with mr. vaber in this exclusive interview. >> dr. axel, good to have you on the program. thanks so much for joining us once again. >> a pleasure. >> are you seeing a change in...
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apples to apples comparison, melissa. the big theme park companies that are comparable are really subsidiaries of disney or in the case of, you know, universal, of course, subsidiary of comcast. so there's really not a direct comparable. the closest would be like you said six flags and cedar fair. compared to them, the valuation is a little bit rich. you do have to adjust, of course, for the debt as jean said, there is this 1.8 billion in debt. we did hear about that price about 20 minutes ago, at $27. we understand it could have sold more. but they really do want this thing to pop. blackstone has an interest, of course, in selling additional shares at a high price and the follow on offering and they do have to liquidate their shares over time. >> the bottom line is that you don't recommend it. why do you think there's such a strong investor appetite for this one given the uncertainty in the economy? is it a dearth of similar offerings like this? >> yes, what we're hearing essentially, in this case, it's actually a retail
apples to apples comparison, melissa. the big theme park companies that are comparable are really subsidiaries of disney or in the case of, you know, universal, of course, subsidiary of comcast. so there's really not a direct comparable. the closest would be like you said six flags and cedar fair. compared to them, the valuation is a little bit rich. you do have to adjust, of course, for the debt as jean said, there is this 1.8 billion in debt. we did hear about that price about 20 minutes ago,...
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. >>> gal the lalaxys #4r is the 4 is the apple iphone's competitor. >>> the weight is final over for san francisco's exploratorium. the $300 million museum. opened its doors today. >> just like the old exploratorium, a ringing of the bell signifies the opening for the new one. >> the world famous exploratorium is back and better than before. >> i feel like the kid in a family who's just moved into san francisco and about to be shown his or her bedroom. >> you get really excited. >> officials along with city and state leaders attended the much anticipated grand reopening ceremony. >> they along with parents see the museum as a fun place to be, but a stepping stone to advance students in science. >> you don't want to be the best of the best; you want to be the only one that does what you do. >> and i think of that quote in the context of today. >> the building itself has six thousand solar panels to generate power. amazing views of the bay has more than 600 exhibits, both inside and out. >> and on top of the older exhibits, there's this very cool mirror where i'll give myself a hi five
. >>> gal the lalaxys #4r is the 4 is the apple iphone's competitor. >>> the weight is final over for san francisco's exploratorium. the $300 million museum. opened its doors today. >> just like the old exploratorium, a ringing of the bell signifies the opening for the new one. >> the world famous exploratorium is back and better than before. >> i feel like the kid in a family who's just moved into san francisco and about to be shown his or her bedroom....
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Apr 18, 2013
04/13
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anyone shorting apple. the stock crashed today falling below 400 bucks for the first time in more than two years. that means for the apple has lost it's title as the world's most valuable company. that title goes back to exxonmobil. so who is not making money? pretty much everyone else. it was a terrible day on wall street. the dow fell 138 points. all three major intoday he is sees closedin the red. one of the biggest looser of the day was former vice president rand self-proclaimed internet inventor al gore. gore sits on apple board of directors. he owns nearly 62,000 shares. he lost $1. million at least on paper. sorry about that, al. even when they say it's not it is always about money melissa: ebay and american express releasing their earnings. let's go right to dennis kneale at the breaking news desk and, dennis, what is the latest? >> ebayosting robust results but wall street is not happy. shares are down 2 1/2% after-hours. here's why. earnings per share, wall street wanted 63 cents. came in at 62 ce
anyone shorting apple. the stock crashed today falling below 400 bucks for the first time in more than two years. that means for the apple has lost it's title as the world's most valuable company. that title goes back to exxonmobil. so who is not making money? pretty much everyone else. it was a terrible day on wall street. the dow fell 138 points. all three major intoday he is sees closedin the red. one of the biggest looser of the day was former vice president rand self-proclaimed internet...
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Apr 18, 2013
04/13
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. >> is there any hope for apple? >> do they need a new product? >> they may just need to bear a little more honest and more disclosure. google is talking about their phone and something needs to happen with apple and they need to talk about a new product. they usually start issuing new products for back-to-school perry ed it took them 17 months. i think the evaluation is important. one-third of their market is in cash. they have a bit capp and there the second biggest of the nation behind exxon mobile. they're just a cash flow mushing but they do not have products that we know obama but we know ey're coming out. >> we had morgan stanley, and pepsi with good earnings. >> a again, corporate america is still and press the but the second quarter may be the weakest of the year. we are waiting to the back half of the year, back to school. what we are seeing right now isetter. >> would check back with rod and black later with our winners and losers. >we would check back with a rob black later on with our winners and losers. >> we're in the upper part is
. >> is there any hope for apple? >> do they need a new product? >> they may just need to bear a little more honest and more disclosure. google is talking about their phone and something needs to happen with apple and they need to talk about a new product. they usually start issuing new products for back-to-school perry ed it took them 17 months. i think the evaluation is important. one-third of their market is in cash. they have a bit capp and there the second biggest of the...
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Apr 18, 2013
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jones industrials down 84 points, this continues a downward trend for the stock markets and right now apple is under 400 dollars, a lot of investors wondering how far it will fall. >>> oakland is proposing a budget for the next two fiscal years that calls for heavy spending on public safety, economic development and jobs. the proposal includes two more police academies but the city will need to eliminate 80 other positions. the deadline is june 30th. the public will be able to weigh in before that deadline. >>> the senate judiciary committee is set to hold hearings tomorrow and monday on a new immigration reform proposal formally filed yesterday sponsored by a group of senators known as the gang of 8. >> this who we are, the descendents of the homeless and the tired the poor the huddled masses yearning to breath free. >> the bill aims to secure the borders while crating an option for undocumented immigrants to become citizens, within the next month a bicycle barometer will be installed on san francisco's market street encouraging more people to ride their bikes and will go in on the southsi
jones industrials down 84 points, this continues a downward trend for the stock markets and right now apple is under 400 dollars, a lot of investors wondering how far it will fall. >>> oakland is proposing a budget for the next two fiscal years that calls for heavy spending on public safety, economic development and jobs. the proposal includes two more police academies but the city will need to eliminate 80 other positions. the deadline is june 30th. the public will be able to weigh in...
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Apr 18, 2013
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i think people mistake on apple going to the apple store and thinking the only thing they're going to see in two years is the next generation of current devices. i think apple's playing its cards close to its chest. there's a lot of innovation going on that we don't see -- david: by the way, i am a stockholder as well, so i've got to push back. do you think that we need to change at the top? do you think tim cook is just tried, add his chance and like mr. johnson over at jcpenney, it's time for him to go? >> no. actually, i think he's dope a very good job -- he's done a very good job. he's replacing steve jobs, so i think it's too early to suggest that he's going to step down. david: boy, mr. contrarian, tom forte. good to talk to you, tom, thanks very much. >> thank you. my pleasure. liz: investigators continue their search for a suspect or maybe even two in this week's boston bombing. meanwhile, an arrest has been made in connection with those suspicious letters sent to capitol hill yesterday. we're louvre at the white house. david: also spring isn't going to just bring flowers. bar
i think people mistake on apple going to the apple store and thinking the only thing they're going to see in two years is the next generation of current devices. i think apple's playing its cards close to its chest. there's a lot of innovation going on that we don't see -- david: by the way, i am a stockholder as well, so i've got to push back. do you think that we need to change at the top? do you think tim cook is just tried, add his chance and like mr. johnson over at jcpenney, it's time for...
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Apr 18, 2013
04/13
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is no longer the apple of investors eyes. >> investors worried there is not much ahead for apple. good investors buy based on the future success of the company and sell on the future failures. we can make a conclusion that many feel that although apple is a strong company, there is nothing ahead in the pipeline to justify that higher price. we do expect apple to up its dividend and still investors are not interested. apple dipped below 400 and recovered slightly to 402. investors take a clue from cirrus logic. they said orders had fallen. about 8 out of every 10 orders they get come from apple. so the thinking goes, apple is cutting orders. >>> google and microsoft report profits. google watches out for increasing costs, declining margins. a fed governor said he expects the american economy will continue to grow. therefore, time for the fed to stop its buying spree. many people think the easy money is the reason the stock market has done so well. this fellow, jeffrey lackert,. s music.twitter.com. twitter says it is about to launch a music discovery feature. look for an update her
is no longer the apple of investors eyes. >> investors worried there is not much ahead for apple. good investors buy based on the future success of the company and sell on the future failures. we can make a conclusion that many feel that although apple is a strong company, there is nothing ahead in the pipeline to justify that higher price. we do expect apple to up its dividend and still investors are not interested. apple dipped below 400 and recovered slightly to 402. investors take a...
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Apr 18, 2013
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as for your bloomberg silicon valley index it was lower on the weakness and shares of apple and ebay as mentioned. twitter introducing a music app letting music play songs that is currently available for apple users to down load. other companies trying to keep users on their sites for longer stretches, the name of the game. carolyn, larry >> thank you. >> maybe spring here but a massive rain storm is leaving behind a huge mess in parts of the mid west and plains. >> watch the car on the righthand side of the screen. this took place in chicago south deering neighborhood. one person was sent to the hospital. y he road buckled and car just caved in with pavement. other two cars were parked at the time >> thousands bng evacuated as heavy flooding prompted illinois governor to emergency.state of t seven inches of rain has fallen in 24 hours in one suburb of chicago workers used life rafts to rescue school children from a stranded bus. 600 flights have been delayed. >> nothing but sunshine heading into the weekend. >> we're looking at 90s showing up into the bay area by monday. we're going
as for your bloomberg silicon valley index it was lower on the weakness and shares of apple and ebay as mentioned. twitter introducing a music app letting music play songs that is currently available for apple users to down load. other companies trying to keep users on their sites for longer stretches, the name of the game. carolyn, larry >> thank you. >> maybe spring here but a massive rain storm is leaving behind a huge mess in parts of the mid west and plains. >> watch the...
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Apr 18, 2013
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the one-time darling apple shedding near 6%, briefly breaking $400 a share for the first time in more than two years. that came on the heels of reports of dwindling demand for the ipad mini. >>> and google reports earnings topd and what could be a first for that company. it's trying to bargain opening a pair of $1,500 google glasses from selling or loaning them out. the company's terms of service specifically states, quote, you may resell, loan, transfer or give your device to any other person. google reserves the right to deactivate the device. end quote. >>> investigators in the boston marathon bombings have been pulling together an astounding amount of forensic evidence. and now have images of a potential bombing suspect, next. >>> now to the continuing investigation into who is behind the deadly bombings at the boston marathon. the headline on the front page of this morning's "boston globe" reporting "authorities now have an image of suspect." joining us now to discuss these latest is quint van sant. they're reporting an individual 6 feet tall wearing a baseball cap, what do you m
the one-time darling apple shedding near 6%, briefly breaking $400 a share for the first time in more than two years. that came on the heels of reports of dwindling demand for the ipad mini. >>> and google reports earnings topd and what could be a first for that company. it's trying to bargain opening a pair of $1,500 google glasses from selling or loaning them out. the company's terms of service specifically states, quote, you may resell, loan, transfer or give your device to any...
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Apr 18, 2013
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apple shed nearly 6%. the slide came on the heels of reports of dwindling demand for the ipad mini. >>> and google is barring anyone chosen for a pair of its $1,500 google glasses from selling or loning out the eye wear. the terms of service states, quote, you may not resell, loan, transfer or give your device to any other person. google reserves the right to deactivate the device. >>> this is probably a good time to announce i'll be getting a pair. but they won't leave my hands. >>> comiing up, mike allen join me for the latest of what's next for the president's gun control legislation after yesterday's crippling blow in the senate. you're watching "first look." ♪ (announcer) wake them up with breakfast-favorite flavors like salmon, egg, cheese, and whole grain oats. friskies. now serving breakfast. >>> turning back, now, to our top political story. wednesday, the senate voted against several gun control measures. joining me now for more on this, is mike allen, chief white house correspondent for politi
apple shed nearly 6%. the slide came on the heels of reports of dwindling demand for the ipad mini. >>> and google is barring anyone chosen for a pair of its $1,500 google glasses from selling or loning out the eye wear. the terms of service states, quote, you may not resell, loan, transfer or give your device to any other person. google reserves the right to deactivate the device. >>> this is probably a good time to announce i'll be getting a pair. but they won't leave my...
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you can track your own traffic at apple app and google play. >> five things to know before you go. >> the only news returns in 60 >> as we hand things off to "good morning america" here are five things to know. the 1906 great earthquake commemoration was interrupted because of a bomb scare so the ceremony was moved because of a suspicious package but was moved back after the all clear. the suspicious package was nothing dangerous. >> number two, authorities say up to 15 people are dead and a number of injuries approaching 200 following a massive explosion at a fertilizer plants near waco, texas, and firefighters are among the dead. police say it is not clear how many could be trapped. >> develop news from boston, investigators say they now have clear video images of two men suspected in monday's boston marathon bombings that were so deadly. they plan to release the photos later today and they hope the public will be able to help them identify those two men seen in the video. >> those the pictures we are talking about right there. >> back here, san francisco police are investigating an
you can track your own traffic at apple app and google play. >> five things to know before you go. >> the only news returns in 60 >> as we hand things off to "good morning america" here are five things to know. the 1906 great earthquake commemoration was interrupted because of a bomb scare so the ceremony was moved because of a suspicious package but was moved back after the all clear. the suspicious package was nothing dangerous. >> number two, authorities say...
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Apr 18, 2013
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apple's stock is down 42% from $505 a share. one money management group says it could fall into the 300s. >> did you ever think you would say that in. >> i wish i bought it. >>> investigation into the boston marathon pointing, why cell video is more helpful that surveillance video, stay tuned. richard. >>> major will lead the -- mayor jean quan will lead the area despite the owner's team to move the team to san francisco. >>> well, last night's highlight in the win over portland, stefan curry broke the season shot record and made 273 points and will meet with denver colorado sunday afternoon. >>> candle stick park drew dozens of fans in the wake of the bombing. no major problems were reported. the game ended by the way in a scoreless tie. >>> a big part of the investigation into the bombing is analyzing surveillance and cell phone video. we spoke to video forensics experts to see what they were looking for and even if the images were not clear, high tech software can help them to identify a suspect. they also can figure out how
apple's stock is down 42% from $505 a share. one money management group says it could fall into the 300s. >> did you ever think you would say that in. >> i wish i bought it. >>> investigation into the boston marathon pointing, why cell video is more helpful that surveillance video, stay tuned. richard. >>> major will lead the -- mayor jean quan will lead the area despite the owner's team to move the team to san francisco. >>> well, last night's highlight...
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Apr 18, 2013
04/13
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for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new developments in the case of audrey pott. >> first, the latest on our breaking news out of texas. we've been monitoring a late briefing in the past few minutes. what we've learned about the deadly explosion at a fertilizer plant. >>> more now on tonight's breaking news out of texas. where there has been a massive explosion in a fertilizer plant. initial reports indicate 60 to 70 people were killed, and more than 100 others injured. the explosion happened in the town of west. about 80 miles south of dallas. we heard from a texas member of public safety. he said the
for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new...
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Apr 18, 2013
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but in the past year, nigeria's anti-narcotics agency has shut down five illegal meth apple get pine production centers. the authorities say that's proof that nigeria's now part of a worldwide production network. >> in new year's capital, security open firbleds come through a crystal meth amphetamine factory. they found chemicals. they also are there for the workers who included three nationals. they show the synergy. there's factory, it's a fifth such illegal methamphetamine laboratory to be discovered in the past year, signaling a disturbing new chapter in the ucrative drug trade. the method of concealment for the drug dealers are as diverse as the narcotics they traffic, from hiding them within containers and factory equipment to shipping them in motor vehicles. officials say the drug traffickers are becoming more inventive by the day. this was important. if you look at it, you open it from the insight, but we have to break it open like this, hat just to recover, you know, it looks like ice cream. >> of the airport in legos, bags of cocaine, heroin, and meth amphetamine are marked
but in the past year, nigeria's anti-narcotics agency has shut down five illegal meth apple get pine production centers. the authorities say that's proof that nigeria's now part of a worldwide production network. >> in new year's capital, security open firbleds come through a crystal meth amphetamine factory. they found chemicals. they also are there for the workers who included three nationals. they show the synergy. there's factory, it's a fifth such illegal methamphetamine laboratory...
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Apr 18, 2013
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for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new developments in the case of audrey pott. >> first, the latest on our breaking news out of texas. we've been monitoring a late briefing in the past few minutes. what we've learned about the deadly explosion at a fertilizer plant. >> and a ktvu crew has just arrived on the scene of that officer involved shooting in san francisco. we'll tell you what we know so far. [ male announcer ] enjoy delicious chicken made the way you say at subwa. with our oven roasted chicken, now a $3 six-inch select. make it your own with melty monterey cheddar or creamy ranch. and during
for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new...
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Apr 18, 2013
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apple did fall below that $400 mark. it did knock down stocks across the globe, particularly in asia. its suppliers and tech stocks generally seen as exposed to the country's weakness after it was warned that revenue for that cup wasn't going to be that strong thanks to its one big customer, i.e., apple. >>> the ftse cnbc global 300 just a little lower on the day. we'll look at european markets for that. we are rebounding a little bit after yesterday's weak session. the xetra dax downing 0.6%. that's about a quarter of the move that we saw yesterday. indeed, eegan jones did come out and downgrade moody's in its annual statement reiterating the outlook for that country. the ftse 100, ftse mib are adding better than 0.8% for italy which is going through the process of selecting its next president. there is hope that at least this will help keep the country on track. moving to the bond's space span was just out with an auction. we saw healthy demand, low themes continue for the economy generally speaking in that it hasn't h
apple did fall below that $400 mark. it did knock down stocks across the globe, particularly in asia. its suppliers and tech stocks generally seen as exposed to the country's weakness after it was warned that revenue for that cup wasn't going to be that strong thanks to its one big customer, i.e., apple. >>> the ftse cnbc global 300 just a little lower on the day. we'll look at european markets for that. we are rebounding a little bit after yesterday's weak session. the xetra dax...
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Apr 18, 2013
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you have the trifecta there that we just talked about, apple going lower and a mix of companies that haven't really done that well. we've seen 72% of companies actually beating in terms of their earnings, but in the tech space i don't think the number has really been that strong, so our traders today say they were shorting the nasdaq, and our gentleman that was from morgan stanley, he was saying he was looking for the markets to actually increase long term over time with technology, but short term you could still see them move lower. >> brian, let's just wrap this up. released yesterday, forward operating earnings for the s&p 500, all right, a record high. $115 per share. >> yeah. >> that gives you 13.5 times multiple. that's well within the historical range of the last many, many decades. interest rates, as that commodity chart shows, just bouncing around in a range of the profits are beating expectations. i'm not into this revenue thing. i prefer to look at profits. >> right. >> so why can't -- so we'll correct and then we'll move on. >> we've done -- last year. we did it twice, th
you have the trifecta there that we just talked about, apple going lower and a mix of companies that haven't really done that well. we've seen 72% of companies actually beating in terms of their earnings, but in the tech space i don't think the number has really been that strong, so our traders today say they were shorting the nasdaq, and our gentleman that was from morgan stanley, he was saying he was looking for the markets to actually increase long term over time with technology, but short...
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Apr 18, 2013
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now apple tv? i think they will come out with a tv product because that is something that tim cook said. they've got an intense interest in that area. but i think that's probably coming in the summer period at some point. i think we're going to have to wait a while for a low-end phone. so i look at all of that and in the near term, the biggest excitement quite honestly is hopefully they move the dividend up when they report the quarter. better cash return. but that's kind of what i'm looking for. if they don't do that, the stock could go quite a bit lower and there is some talk that maybe they don't do the dividend when they report the quarter. >> we'll see. or repurchase. when you say "quite a bit lower," dan, what's low enough? here you compare it to rimm and nokia is a little shocking. but ere's low enough given the prospects you're outlining? >> well, but here's the thing. right? why are you guessing as to what's low enough? until the fundamentals stop getting worse -- don't forget, this compan
now apple tv? i think they will come out with a tv product because that is something that tim cook said. they've got an intense interest in that area. but i think that's probably coming in the summer period at some point. i think we're going to have to wait a while for a low-end phone. so i look at all of that and in the near term, the biggest excitement quite honestly is hopefully they move the dividend up when they report the quarter. better cash return. but that's kind of what i'm looking...
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Apr 18, 2013
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apple even dipped below $400 per share. amazing. new warning to but a shortage of doctors in the age of obamacare. 30 million new patients and not enough primary-care physicians. we have been covering that story. more details today. cities with the worst health care coverage. topping that list, mcallen taxes . you can always check it out. foxbusiness.com. see what is trending. well, later in the show, small-business is spending a lot of time and resources and social media. is there investment paying off? unions going through labor pains getting desperate for more numbers. and so you here where they're lookinnow. ♪ are yostill sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providi answers families need. siemens. answers. gerri: our nation's charter schools are under threat. unions tried to organize church ♪ >> from the fox business studios in new york city, it's "the willis report" with gerri willis. ♪ gerri: well, unions trying t
apple even dipped below $400 per share. amazing. new warning to but a shortage of doctors in the age of obamacare. 30 million new patients and not enough primary-care physicians. we have been covering that story. more details today. cities with the worst health care coverage. topping that list, mcallen taxes . you can always check it out. foxbusiness.com. see what is trending. well, later in the show, small-business is spending a lot of time and resources and social media. is there investment...
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Apr 18, 2013
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for the first time in nearly two years, apple stock price fell below $400. a drop in demand for ipod and iphone products led investors to sell off that stock. shares fell from an all-time high in september of $705 to close at $402 yesterday. >>> 4:52. coming up, realtime validation. why one bay area city wants to start counting cyclists. >> and the san francisco waterfront lit up to celebrate a new tenant. ,,,,,,,,,,,,,,,,,, >>> we have a pollen count today which favors mulberry, oak and grass. watch out. >> and we're still watching this breaking news in downtown san francisco. a lot of police on scene investigating something suspicious. we know the bomb squad is out there and they're telling people to avoid the intersection near 3rd and market. muni and bart may be impacted. much more coming up. >>> commuting in san francisco is about to get a little easier if you traveling by bicycle. the city is going to install its first realtime bike barometer on market street. the digital display counts the number of people in the bike lane at any given time. bike ridi
for the first time in nearly two years, apple stock price fell below $400. a drop in demand for ipod and iphone products led investors to sell off that stock. shares fell from an all-time high in september of $705 to close at $402 yesterday. >>> 4:52. coming up, realtime validation. why one bay area city wants to start counting cyclists. >> and the san francisco waterfront lit up to celebrate a new tenant. ,,,,,,,,,,,,,,,,,, >>> we have a pollen count today which favors...
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is cirrus logic's biggest customer so that meant another downbeat note for apple. stock fell 5.5% below $400 a share for the first time since 2011. stocks lower this morning by .5%. hanging just above $400 a share. the tech sector overall under a lot of pressure,er, not looking great to start -- earnings not looking great to start the quarter. google reports after the close. ebay reported yesterday. ist profit was good at $677 million even though revenue grew. it missed on expectations and ebay shares are falling 5.5% in the early going this rnmog. on the economicfront, the labor department reporting that first time weekly unemployme claims rose 4,000 this past week to 352,000. four-week average up to 361,000. still within a range suggesting job growth. market opening lower right now. dow is down 5. nasdaq down 2. s&p down a quarter point. back to you. >> thank you. >>> get this. a 92-year-old pilot makes a smooth emergency landing in florida and it's caught on tape. he did a great job. the plane came in for a landing. there's something missing. the pilot radioed t
is cirrus logic's biggest customer so that meant another downbeat note for apple. stock fell 5.5% below $400 a share for the first time since 2011. stocks lower this morning by .5%. hanging just above $400 a share. the tech sector overall under a lot of pressure,er, not looking great to start -- earnings not looking great to start the quarter. google reports after the close. ebay reported yesterday. ist profit was good at $677 million even though revenue grew. it missed on expectations and ebay...
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Apr 18, 2013
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apple is losing their shine. the supplier of audio chips is hinting sales of the iphone are not so hot. therefore, sales of apple dropped to $400 a share the lowest level since december of 2011. down 34 percent from the record high set last september. more food companies and restaurant chains start displaying nutritional information and calories, hershey is looking to put that information front and center. in a few months you will notice packages of hershey products with the nutritional information on the front of the package. >> check this out, a rare gem got a pretty penny at auction. >> i can watch this video all day, a pink diamond selling for $32.3 million 9 second highest for a jew yell sold at auction the 34.65 diamond was discovered 300 years ago in india. it belonged to an indian prince. the seller and buyer want to remain acommon miscellaneous. if you made it into a ring it would be heavy. i would have to lift weights. >> ring or earrings? >> earrings, of course, but you have to get me another for the o
apple is losing their shine. the supplier of audio chips is hinting sales of the iphone are not so hot. therefore, sales of apple dropped to $400 a share the lowest level since december of 2011. down 34 percent from the record high set last september. more food companies and restaurant chains start displaying nutritional information and calories, hershey is looking to put that information front and center. in a few months you will notice packages of hershey products with the nutritional...
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. >>> apple below $400 a share at 3 $399. google around microsoft report profits. take a look at the fun video. from san francisco, 10,000 iphones lined up and falling like dominos. who has 10,000 iphones. it is cgi. they thought, what better way to advertise their skills than to make an incredibly cool youtube video. it took a month for them to put it together and studied how iphones call against carpet. >> it looked pretty realistic. a little mind-blowing on apple. >>> that's what's happening "today in the bay" as we leave you today. a live look at the cathedral of the holy cross in boston where president obama will attend a prayer service along with the first lady, of course, in honor have the victims of the boston marathon bombings. the crowd has already assembled there. we will be back with a local live news update at 7:25 this morning. >>> and every half hour of that, we will leave you with this shot as people gather prayer and come together to try to heal in boston. see you tomorrow. have a great day! breaking news. extreme devastation. that's how officials
. >>> apple below $400 a share at 3 $399. google around microsoft report profits. take a look at the fun video. from san francisco, 10,000 iphones lined up and falling like dominos. who has 10,000 iphones. it is cgi. they thought, what better way to advertise their skills than to make an incredibly cool youtube video. it took a month for them to put it together and studied how iphones call against carpet. >> it looked pretty realistic. a little mind-blowing on apple. >>>...
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gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think there's an opportunity here. the street numbers still need to get reset. we're 10% below the street for the june quarter. i think once these estimates get reset, that's the point where investors are going to start to get interesting. the southside still hasn't taken those nebs down. that's the real challenge here. >> you thought 450 was the bottom at 455 or at -- when did you make that prediction sflp. >> yeah. it was about three weeks ago. we basically took our numbers down. >> so when it was at 750, you thought the bottom was 700. when it was 7 hup, y
gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think...
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. >>> apple stock slipped to its lowest level in more than a year. some investors looking for a way out. >>> new at 6, if cell service went down, could you contact your family? the things that need to be in your disaster plan. >>> also, a taser incident at this school shocked parents. why it's the second time police have been called here this week. >>> and a bay area rapper killed. >> sceunt believe that someone would do that. >>> the emotional reaction to the accused killer's first appearance in court, tonight on ktvu channel 2 news at 6. >>> apple stock hit its lowest level in 18 months, after its chip provider indicated it might be slow in providing the chips. at the end of the trading day, the stock pounced back slightly to close at $402.80 a share, still a drop of more than $23 a share and a loss of about 5.5%. >>> also on wall street today, a weak earnings report sent stocks lower. the nasdaq dropped 59. the s&p 500 was down 22. >>> shoppers may soon have one fewer place to buy groceries. fresh and easy is closing all its stores in the united s
. >>> apple stock slipped to its lowest level in more than a year. some investors looking for a way out. >>> new at 6, if cell service went down, could you contact your family? the things that need to be in your disaster plan. >>> also, a taser incident at this school shocked parents. why it's the second time police have been called here this week. >>> and a bay area rapper killed. >> sceunt believe that someone would do that. >>> the emotional...
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shar >>> apple stock dipped below $400 today for the first time in a year and a half. shares fell from an all-time high in september of $705 to close at $402 this afternoon. earlier in the day, the price got as low as $398. stock plunged after an apple supplier said there's less demand for ipods and iphones. >>> "fresh & easy" is just a name but there's nothing easy about the grocery chain's financial future. about 18 stores in the bay area are one step closer to closing down. kpix 5's da lin on how the chain may have made a marketing mistake. [ beep beep ] >> reporter: it has not been easy for the "fresh & easy" grocery chain. the chain announced today it lost billions of dollars and its british parent company tesco is packing its bags and leaving the u.s. market. >> we just love shopping here. it would be a shame if they shut down. >> reporter: shoppers like the prices and the organic products. >> everything is fresh. i got this whole bag for just $25. >> we dropped safeway and started coming here a lot more. >> reporter: the chain launched in november 2007 right bef
shar >>> apple stock dipped below $400 today for the first time in a year and a half. shares fell from an all-time high in september of $705 to close at $402 this afternoon. earlier in the day, the price got as low as $398. stock plunged after an apple supplier said there's less demand for ipods and iphones. >>> "fresh & easy" is just a name but there's nothing easy about the grocery chain's financial future. about 18 stores in the bay area are one step closer to...
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yesterday's drop was due to apple a big part of it. we had bank's stock down and there was a report showing that ipad mini sales start to slow and apple at the lowest level in several years. the stock at 402. the stock was at 7 05 last september. that is a $300 drop for apple and the last seven months. in the next few minutes about three or four minutes we will get the weekly unemployment numbers. that will help change the future. will get a better idea of where wall street is headed once we get the weekly unemployment claims coming out about three minutes. >> talking about the golden state warriors. a team most thought would not make the playoffs. they sealed the six seeded last in of the season as even car is at an all-time nba record three- pointers in a season. >> steven curry one three- pointer short of a single season record. >> second quarter currie, hit the 34 to break a single season record to much as 69th report is made by ray allen. or is led 14 at the half. third quarter, oakland to damian lillard, nice reverse layup to cut
yesterday's drop was due to apple a big part of it. we had bank's stock down and there was a report showing that ipad mini sales start to slow and apple at the lowest level in several years. the stock at 402. the stock was at 7 05 last september. that is a $300 drop for apple and the last seven months. in the next few minutes about three or four minutes we will get the weekly unemployment numbers. that will help change the future. will get a better idea of where wall street is headed once we...
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one stock we are keeping an eye on is apple. and i just want to pull up the very latest quote on that. apple stock is down $8.5 a share. about 2%. it's now below 400 $400 a share. $394 is where that is. apple stock down 42% from all time high of $705 last september. one money manager says apple could fall into the 300s in the coming weeks. it is now at $394 right now. we'll keep an eye on apple stock. >>> oakland is proposing a budget for the next two fiscal years that calls for spending. the budget proposal also includes two more police academies. however, the city will still need to eliminate 80 positions. the deadline for a new budget is june 30th. the public will be able to weigh in before that deadline. >> time now 7:45. firefighters are investigating an overnight fire that gutted a house in san leandro. started on deal avenue and dowling boulevard. no one was living there. neighbors made sure people living nearby got away safely. >> everybody called from one house to the next. and couple people knocked on everybody's doors
one stock we are keeping an eye on is apple. and i just want to pull up the very latest quote on that. apple stock is down $8.5 a share. about 2%. it's now below 400 $400 a share. $394 is where that is. apple stock down 42% from all time high of $705 last september. one money manager says apple could fall into the 300s in the coming weeks. it is now at $394 right now. we'll keep an eye on apple stock. >>> oakland is proposing a budget for the next two fiscal years that calls for...
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a dayt apple fell below $400, now at 31.66 on the nasdaq composite, and the s&p down ten-plus points at 1541, and we are just moments away from earnings from the big three, ibm, microsoft, and google. we have them all covered for you. david garrity from gba research. >> wow. >> yeah, we're back on "power lunch" days. >> is that an octabox. >> jon fortt, josh lipton. first, heather hughes and rob malcolm, along with greg ip "the economist." everybody's in the water, so we can just jump in. heather, what do you make from the markets this week? what's the message from this very volatile market in your view? >> well, the markets have picked up volatility. before last week, the vix volatility measure was at all-time lows, since 2007. that, of course, has increased, but it will be interesting when we get these earnings numbers coming out now. of course, corporate profits, that's key. it seems like it's coming from revenue minus costs, we're cutting cost sides of the equation, not necessarily revenue and topline growth. it so will be interesting to see what those numbers are as we get them.
a dayt apple fell below $400, now at 31.66 on the nasdaq composite, and the s&p down ten-plus points at 1541, and we are just moments away from earnings from the big three, ibm, microsoft, and google. we have them all covered for you. david garrity from gba research. >> wow. >> yeah, we're back on "power lunch" days. >> is that an octabox. >> jon fortt, josh lipton. first, heather hughes and rob malcolm, along with greg ip "the economist."...
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watching apple's stock, apple at the $400 mark and down 758 a share. somomg,g, stop. jack, your new chipotle chicken club is craze amaze. annnd chipotle is totes trending. spspicicy crispy chicken, hicky smoked bacon,on memeltlting cheese, and smoky chipotle sauce plus fries anand d a drink for $4.99? tht combo is chipot-cray. anand d chipotle is my hashtag faveflave. lelet t me guess-you're the nw social media intern.nt yeyeahah! grgreaeat. i'm late for a mee. can you make some copies? .....w.with the tanning bede "the"tre are a some people who say it's the best yogurt they've ever tasted. and there are some people who haven't tasted it yet.t. delicious, nonfat, authenticic delicgreek strained yogurt.cic extraordinary fruit flavors.s. the fage total split cup. the fplain extraordinary." >> welcome back, we're tracking a major hot spot with a monster is back up on interstate 580 in the westbound direction. ec live video from the scene, the two right lanes remain blocked as we await a caltrans sweeper to pick up this. this is left over from a dual big rig accident that
watching apple's stock, apple at the $400 mark and down 758 a share. somomg,g, stop. jack, your new chipotle chicken club is craze amaze. annnd chipotle is totes trending. spspicicy crispy chicken, hicky smoked bacon,on memeltlting cheese, and smoky chipotle sauce plus fries anand d a drink for $4.99? tht combo is chipot-cray. anand d chipotle is my hashtag faveflave. lelet t me guess-you're the nw social media intern.nt yeyeahah! grgreaeat. i'm late for a mee. can you make some copies?...